Life Insurance Corporation of India announced that Shri Siddhartha Mohanty, Managing Director of the Corporation has taken charge of the financial and administrative powers and functions of the Chairperson of LIC of India, in the Interim, in addition to his own duties, with effect from 14th March 2023, in terms of Govt of India communication F. no. A-15011/01/2022-Ins.I dated 11th March, 2023. Shri.

Siddhartha Mohanty joined the Life Corporation of India in the year 1985 as an Apprentice Officer and has rich experience in the insurance sector. He holds a Bachelor's Degree in Law and a Master's Degree of Arts (Political Science) from Utkal University, Bhubaneswar, Odisha. He also holds a Post Graduate Certification on Business Management from the Xavier Institute of Management, Bhubaneshwar, Odisha.

He has also passed the Licentiate Examination conducted by the Insurance Institute of India in November 2002. He previously served as COO and CEO of LIC Housing Finance Limited and has held various other positions, such as, Senior Divisional Manager of Raipur and Cuttack, Chief (Legal), Chief (Investment - Monitoring & Accounting), Executive Director (Legal), amongst others. During his tenure as Chief (Legal), Mumbai, the Corporation won the "Best Insurance In-House Legal Team of the Year" at the Legal Era Awards 2013-14.

He is presently Managing Director of the Corporation.